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Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 21015297
Bedrooms 18
Full Baths 9
Half Baths 7
HOA Y/N None
Total Fin. Sqft 8844
Year Built 1983
Lot Size 1.000 Acres
Acres 1.0
Property Sub-Type Apartment
Property Description
Perfect for investors looking for cash flow real estate in Northeast Texas with convenient access to larger cities and major highways.
Apartment Building
Built in 1982 Approx. 7,000 sq. ft. Seven (7) units
Each unit: 2 Bedrooms - 1.5 Bathrooms
$75,000+ in upgrades — five units updated with fresh finishes and the entire exterior upgraded with Hardie Board siding
All but two exterior AC units replaced within the last 10 years
Shared master water meter with individual shut-offs for each unit; tenant-paid electric
On-site parking and good curb appeal
Stable occupancy with opportunity to increase rents on renewals
Duplex
Built in 1999 Approx. 925 sq. ft. per side Two (2) units
Each unit: 2 Bedrooms - 1 Bathroom
One side updated: other side occupied by a long-term tenant of 9+ years
New roof installed in April 2024
Each unit separately metered for water, trash, and electric
Reliable tenants and steady income stream
Additional Lot Included in the offering — use for parking, outdoor space, or possible future development
Solid multi-family unit mix: 7-unit apartment complex plus duplex
Recent capital improvements: siding, interior unit updates, HVAC systems, and new duplex roof
Stable occupancy with long-term tenants and below-market rents = built-in value-add upside
Quiet small-town setting that appeals to local workforce tenants, retirees, and families
Regional rental market with reliable demand and proven appreciation potential
Location
State TX
County Lamar
Direction From Loop 286, take HWY 82 East to Blossom. At flashing light turn left on to Holly St. Complex on the left
Interior
Interior Features Eat-in Kitchen, High Speed Internet Available
Heating Central, Electric
Cooling Ceiling Fan(s), Central Air, Electric
Flooring Carpet, Ceramic Tile, Luxury Vinyl Plank
Appliance Dishwasher, Disposal, Electric Range, Electric Water Heater
Heat Source Central, Electric
Exterior
Exterior Feature Covered Patio/Porch
Utilities Available All Weather Road, City Sewer, City Water, Electricity Available
Roof Type Composition,Metal
Garage No
Building
Lot Description Corner Lot, Few Trees, Level
Story Two
Foundation Slab
Level or Stories Two
Structure Type Brick
Schools
Elementary Schools Blossom
Middle Schools Prairiland
High Schools Prairiland
School District Prairiland Isd
Others
Ownership Holly St Apts, LLC
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition Aerial Photo, Owner/ Agent
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21015297
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